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Hernia Repair Market Size, Share, Global Industry Analysis 2022-2030 Forecast - B. Braun Melsungen AG, Becton, Dickinson and Company
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The global hernia repair market will be driven by the growing cases of hernia, rising geriatric population, and rapidly growing number of advanced products for the treatment of hernia.
COVID-19 Impact Analysis
During the COVID-19 pandemic, various surgical operations were canceled in order to prevent to further spread of the virus worldwide. Patients also stopped visiting the hospitals as there were high chances of getting infected from the COVID-19 patients.
Moreover, hernia cases also reduced gradually during the pandemic. As a result, it reduced the demand for treatments. With a gradual decrease in demand, the global hernia repair market witnessed a significant decline in terms of revenue generation.
Factors Influencing
The key growth drivers for the hernia repair market are the rising prevalence of hernia, technological advancements in the industry, such as biological mesh, reimbursement convenience, and growing awareness about efficient repair surgeries. According to a report published by the National Center for Biotechnology Information called International Guidelines, nearly 20 million individuals worldwide underwent hernia repair treatment in 2018.
In addition, the expansion of the hernia repair market is attributed to several factors, such as the increasing aging population, rising demand for robotic surgery, and escalating healthcare expenditures. World Health Organization (WHO) estimates that there were roughly 524 million individuals aged 65 and over in the world in 2010, with 1.5 billion predicted by 2050.
The high cost of mesh repair and lack of skilled professionals may hamper the growth of the global hernia repair market.
Geographic Analysis
Regionally, North America accounts for the largest hernia repair market due to the growing awareness and acceptance of hernia repair treatment in the region.
In addition, increasing geriatric population and the presence of a large number of hernia patients are contributing to the growth of the hernia repair market.
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Asia-Pacific is forecast to emerge as the rapidly growing region in the global hernia repair market, mainly due to the increasing number of hernia patients, rising geriatric population, and growing medical tourism in the region. Furthermore, increasing government initiatives towards improving healthcare infrastructure will create a positive impact on the global hernia repair market during the analysis period.
Competitors in the Market
B. Braun Melsungen AG
Becton
Dickinson and Company
Getinge AB
Johnson & Johnson
Cook Group Inc.
Medtronic PLC.
Integra Lifesciences Holdings Corporation
W. L. Gore & Associates
Via Surgical
Herniamesh
Other prominent players
Market Segmentation
The global hernia repair market segmentation focuses on Product, Surgery, Procedure, and Region.
Product Type Outlook
Hernia Mesh
Biologic Mesh
Synthetic Mesh
Hernia Fixation Devices
Sutures
Tack Applicators
Glue Applicators
Surgery Type Outlook
Inguinal Hernia
Umbilical Hernia
Incisional Hernia
Femoral Hernia
Others
Procedure Type Outlook
Open Surgery
Laparoscopic Surgery
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Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.
-The report also examines historical and current market sizes.
-During the forecast period, the report analyzes the growth rate, market size, and market valuation.
-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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